CVC Credit score has priced Apidos LIII, a brand new $475m (£356m) collateralised mortgage obligation, representing the third new CLO priced globally by CVC Credit score this yr.
Apidos LIII has a 5 yr reinvestment interval and a two yr non-call interval, backed by a portfolio of senior secured property.
Learn extra: CVC Credit score costs first CLO deal of 2025
The three CLOs priced by CVC Credit score this yr have an combination worth of $1.4bn.
“Apidos LIII was very nicely acquired from our world traders throughout very difficult market circumstances, which displays CVC’s confirmed monitor document, and the energy of {our relationships} with world traders throughout the capital stack,” stated CVC credit score associate and world head of CLO origination Cary Ho.
“We’re pleased with the construction and the standard of property we now have been in a position to buy through the early levels of this deal.”
Learn extra: CVC eyes acquisition of US personal credit score large Golub Capital – stories
Kevin O’Meara, associate and world co-head of performing credit score at CVC Credit score, stated: “We consider the volatility over the past couple of months has and can proceed to create enticing funding choices for our traders and we are going to attempt to capitalise on these alternatives.”
Learn extra: CVC beats revenue expectations as AUM reaches €200bn